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Atos CEO’s Profit Warning Shocker: Five Things To Know

New Atos CEO Rodolphe Belmer issued a profit warning Monday that led to a 16.8 percent drop in the company’s per-share price to 32.10. Atos stock fell to a 52-week low of 31.26 euros per share today in early trading, down almost 19 percent from its previous close of 38.59 euros per share. Here are five things you need to know about the profit slide that was an unwelcome surprise for the new CEO.

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Supply Chain Challenges, Project Slippages

Atos said it will suffer a 30 basis point loss in full-year revenue as a result of “project slippages” from 2021 to 2022 due to supply chain challenges.

The project slippages for big data/high performance compute and unified communications and collaboration projects resulted in customer postponements in the public sector and defense industries in the United Kingdom and the Netherlands.

The project slippages come with widespread supply chain challenges for many of the largest and most respected computing providers as a result of semiconductor shortages.

IBM CEO Arvind Krishna told CRN’s Best of Breed (BoB Conference) attendees last year that he doesn’t expect there will be a resolution of the semiconductor shortage until 2023 or 2024.

“I actually think that they’re being optimistic to think it will be solved by the end of ‘22,” Krishna said. “By the end of ‘22, [it will be solved] only if the demand falls.”

Ultimately, Krishna said that the problems could persist even past the 2023 timeframe that Intel CEO Pat Gelsinger has previously pointed to as the likely end to the crises.


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